IGas Energy plc swung to a profit and reduced debt following “exceptionally strong” commodity prices for its onshore oil and gas assets in England and Scotland. FINANCES In the company’s interim results to six months ended 30 June 2022, interim executive chairman Chris Hopkinson also called for streamlined regulations for shale gas following the Government […]
Month: November 2024
Power Metal nears drilling 2,600m at Molopo
Power Metal Resources plc soon expects to start drilling a 2,600m strike-length target at its nickel-copper-platinum group element (PGE) Molopo Farms Complex project in Botswana. SURVEY AND MODELLING Ahead of the decision to drill, the company completed a high-resolution ground magnetic (ground-mag) geophysics survey over high priority Target 1-6 (T1-6) covering 2,700m by 1,600m. From […]
Kavango completes 90% stake in LVR JV licences
Kavango Resources plc has completed its 90% stake in the LVR GeoExplorers (Pty) Ltd joint venture with copper-silver licences in the Kalahari copper belt, Botswana. PROJECT The company signed a memorandum of understanding in November 2021 and has now acquired the outstanding 65% to take the majority share in the JV. The partners’ project incorporates prospecting […]
FCM begins exploration and REE data review at McKellar
First Class Metals plc has started exploration and a historical data review of rare earth elements (REEs) on the McKellar polymetallic claim block in the Schreiber-Hemlo region of Ontario, Canada. MCKELLAR The property, comprising 58 claims covers 11km², contains known ‘showings’ or samples of gold, silver and base metals as well as a diatreme* with […]
UKOG completes Phase II seismic over Resan
UK Oil & Gas plc (UKOG) has completed acquisition of the Phase II seismic programme over its Resan licence (50%) in Turkiye. SEISMIC PROGRAMME The project is a 50-50 joint venture between UKOG and operator Aladdin Middle East. The company said that the programme, comprising four new 2D seismic lines over the possible updip western […]
NAE orders revised scoping study on Lochinvar
New Age Exploration Ltd (NAE) said it had commissioned a new study of its 100% owned Lochinvar coking coal project which had drawn fresh interest from investors. LOCHINVAR The project comprises three adjacent exploration and conditional underground mining licences of Lochinvar, Lochinvar North and Lochinvar South on the border of England and Scotland. SCOPING STUDY […]